Member Info for Cnutgoestheeasal

Element I've been reading your posts over the last two weeks with increasing annoyance. You posit yourself as a disinterested and knowledgeable observer but on closer inspection you are nothing but.

I thought I'd test out your assertion of OMI being overvalued with your comparison with Hycroft Mining. Superficially you appeared to have made a reasonable point but it took only 5 minutes work to see the crucial fact you'd missed out.

PEPAS 1 estimated AISC <1000

Hycroft - 3000.

Do I really have to say any more?

I can't work out whether you're a fool or a knave.

****, shouldn’t you be posting that to omi holders...

I did

I wonder whether there is a potential tie up between MTL and OMI. For those in the know OMI have a small but high grade deposit, Pepas, that is, subject to permits, ready to be dug up. Tne MRE is due any day now. They are also talking about producing an MRE another well drilled deposit that is much deeper than Pepas but much more substantial. OMI are already planning to toll Pepas so why not build the plant at the bigger deposit and use Pepas ore to start with whilst drilling out and preparing the deeper bigger ore site??

Just a thought!

I wonder whether there is a potential tie up between MTL and OMI. For those in the know OMI have a small but high grade deposit, Pepas, that is, subject to permits, ready to be dug up. Tne MRE is due any day now. They are also talking about producing an MRE another well drilled deposit that is much deeper than Pepas but much more substantial. OMI are already planning to toll Pepas so why not build the plant at the bigger deposit and use Pepas ore to start with whilst drilling out and preparing the deeper bigger ore site??

Just a thought!

Yeah - I was one of the ones that got called a deramper for pointing out that what was happening at Dupax was not just a local issue but a national one. 400 protestors outside the London Office kinda demonstrated that!

I'm guessing that he's deliberately playing down Dupax since I suspect the impediment is not the stuff in the ground but the grouchy locals. Interesting point he made about the politics. Sounds like the local power centre is sympathetic to the previous regime - Duterte - which was China friendly. Given politics over there tends to be buggins turn there is every possibility that the China huggers come back to power in Manilla and the Chinese will come round sniffing for good opportunities. Keeping Dupax's potential understated might put them off. Otherwise the resource could be whipped out from under their noses.

That the no 5 bus is delayed - again!

This interview is beginning to resemble the No 5 bus!

If you did it passed me by too...

"I think many would be pleasantly surprised if a take out price came onto the table"

Not me bro! I was a shareholder in SHG and was not pleasantly surprised when it got taken out for a song. And yes it was a song because guess what they've recently announced a confirmed discovery on Kenya's largest gold deposit. Which we knew all along existed despite the company's best effort to conceal it.

Anybody else up for a premium of...I think...10% that those gangsters initially offered?

MRE aren't generated in isolation they are drafted by consultation and consensus. They'll be an executive summary with a central estimate and dispersions around the mean. Brad is not poring over 200 pages on technical stuff trying to condense it for us poor saps. You could probably give the exec summary to AI and it would do a decent job in summarising it further for an RNS. All of 30 seconds work. Bosh!

Na, as Napthman says all the miners are delaying announcements. Funny that. Oh apart from SRB who can't get them fast enough out the door!

At time of writing this MTL is actually up whilst others such as SRB,ALTN and OMI are still on the red.

Something we don't know but somebody does perhaps?

Spot on slappy. Having told up that we will have the MRE by close of play today he'll need to release it on Monday otherwise fingers will be pointed!

A mayor in another part of the Island chain survived an RPG attack today. Mind you he was no angel either!!

https://www.telegraph.co.uk/world-news/2026/01/29/filipino-mayor-survives-rocket-propelled-grenade-attack/

Yes I've looked at them but they don't have the ability that MTL have of pivoting to a proven large gold resource. Yes they have prospects but nothing definite and and won't be producing 140k for 10+ years that MTL will.

And yet they are comparably valued. What am I missing. Is Nigeria et al such a better jurisdiction to mine gold than nic...?

I think Simms may have a point. The deposit was clearly second best and will require consultation with the locals (oh no here we go again!) but I believe is exactly the same in nature as that for runruno. At current gold prices pretty much any deposit is worth digging up although first they clearly have to prove it up. But they have the money for it.

Looks like the locals have won on Dupax and probably Abra. Well be careful what you wish for. Maybe the Chinese (who have growing influence in the Philippines) will come in an dig the stuff out. They don't take any prisoners and quite frankly I think the locals deserve to get it good and hard. when it does happen because it will.

They're not exactly wealthy around there so beggars can't be choosers.

✌️🤝

Sorry couldn't resist this but no such word as og and two p's in sloppiness.

Quod in alio reprehendis, in te est

OK ok so I got that from ChatGPT

Oh no I'm down as a dreaded deramper!!!

The shame the shame...

Actually I posted it purely (how wrong I was!) as an exercise in providing a public good. Overall I viewed it in a positive light. Still...

If the echo chamber wishes to view it differently then that's their choice.

As far as posting it under the wrong heading, you got be bang to rights gov.

I plead laziness. Couldn't be arsoholed to choice a more appropriate heading.

Sorry

As far a dupax is concerned this is what Gemini reports has happened in the last 24 hrs. As a note I've often checked Gemini by looking at sources and they seem to be pretty good at accuracy and up to date info. Here goes...

Actually, there have been some significant developments in the last 48 hours. While the physical blockade was indeed cleared, the fallout has escalated into a major national and international human rights issue, which is now putting pressure on the government to intervene.

Here is the situation as of today, January 27, 2026:

1. Aftermath of the "Violent Dispersal"

Reports from yesterday and this morning confirm that the dismantling of the barricade on January 23 was highly contentious.

Arrests: Seven residents (including community leaders) remain in custody. Advocacy groups, including the International Coalition for Human Rights (ICHRP), issued an "Urgent Alert" yesterday, calling on President Marcos Jr. to order their immediate release.

Atmosphere on Site: While equipment has moved in, the area remains under heavy police guard (estimated at 300+ officers). Local residents have described the atmosphere as "militarized," and there are unconfirmed reports of minor sabotage or arson attempts on non-essential equipment in the periphery.

2. Legal & Political Escalation

The situation has moved from a local road blockade to a legal battle:

The Court Order: The police acted on a Writ of Execution from a Nueva Vizcaya trial court that specifically ordered the identification and arrest of anyone obstructing the drilling.

Political Pressure: Major environmental groups (like Kalikasan) and even some members of the clergy have begun a formal protest against the DENR (Department of Environment and Natural Resources) for granting the permit to Woggle Corporation (MTL's local subsidiary) without what they claim was "genuine" community consent.

3. Drilling Operations Status

Despite the unrest, MTL has utilized the cleared roads to move logistics:

Resumption: Convoys carrying drilling core boxes, fuel, and water piping were successfully escorted to the site over the weekend (Jan 24–25).

Strategy: The company is clearly attempting to complete as much of the 2,500-meter program as possible while the court-ordered police presence is still active. Investors are watching closely for the first set of "assay results" (the gold content data), as these will likely be the next major news catalyst.

Summary of Risks

The "change" in the last 24 hours isn't a new blockade, but rather the shifting of the conflict to the national level. The risk for MTL has pivoted from logistical (getting the rigs in) to political (the risk of the President or the DENR pausing the permit to de-escalate the human rights outcry).